Hudson Pacific Properties, Inc. (HPP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 181.85M | 256.03M | 186.62M | 190M | 198.46M | 209.67M | 200.39M | 218M | 214.02M | 221.74M | 231.44M | 244.45M | 251.52M | 269.93M | 260.35M | 251.43M | 244.51M | 240.63M | 228.2M | 215.6M |
| Revenue Growth % | -8.37% | 22.11% | -6.87% | -12.84% | -7.27% | -5.45% | -13.42% | -10.82% | -14.91% | -17.85% | -11.1% | -2.77% | 2.86% | 12.17% | 14.09% | 16.62% | 14.39% | 18.05% | 16.32% | 8.56% |
| Property Operating Expenses | 262.98M | 102.47M | 103.96M | 108.05M | 113.26M | 115.93M | 114.84M | 113.26M | 110.06M | 115.74M | 112.18M | 108.92M | 112.48M | 117.94M | 106.01M | 190M | 93.72M | 88.09M | 90.21M | 82.64M |
| Net Operating Income (NOI) | -81.12M | 153.56M | 82.66M | 81.95M | 85.2M | 93.74M | 85.55M | 104.74M | 103.97M | 106M | 119.27M | 135.54M | 139.03M | 151.99M | 154.34M | 61.44M | 150.79M | 152.54M | 137.99M | 132.96M |
| NOI Margin % | -44.61% | 59.98% | 44.29% | 43.13% | 42.93% | 44.71% | 42.69% | 48.05% | 48.58% | 47.8% | 51.53% | 55.45% | 55.28% | 56.31% | 59.28% | 24.43% | 61.67% | 63.39% | 60.47% | 61.67% |
| Operating Expenses | -66.19M | 106.03M | 107.79M | 122.53M | 111.57M | 108.59M | 106.22M | 107.5M | 111.56M | 19.78M | 116.09M | 18.94M | 18.72M | 113.84M | 112.86M | 151.12M | 112.7M | 17.5M | 18.29M | 133.4M |
| G&A Expenses | 0 | 12.98M | 13.71M | 27.78M | 18.48M | 19.49M | 19.54M | 20.7M | 19.71M | 19.78M | 17.51M | 18.94M | 18.72M | 17.32M | 19.8M | 21.87M | 20.51M | 17.5M | 18.29M | 17.11M |
| EBITDA | 65.78M | 140.57M | 68.95M | 54.17M | 66.72M | 74.25M | 66.01M | 84.04M | 84.26M | 180.28M | 199.58M | 204.79M | 207.27M | 134.67M | 138.74M | 129.25M | 130.28M | 210.25M | 194.29M | 116.29M |
| EBITDA Margin % | 36.17% | 54.9% | 36.95% | 28.51% | 33.62% | 35.41% | 32.94% | 38.55% | 39.37% | 81.3% | 86.23% | 83.78% | 82.41% | 49.89% | 53.29% | 51.4% | 53.28% | 87.37% | 85.14% | 53.94% |
| Depreciation & Amortization | 80.72M | 93.05M | 94.08M | 94.75M | 93.08M | 89.1M | 86.67M | 86.8M | 91.85M | 94.06M | 98.58M | 88.2M | 86.96M | 96.52M | 93.07M | 91.44M | 92.19M | 75.21M | 74.59M | 84.18M |
| D&A / Revenue % | 44.39% | 36.34% | 50.42% | 49.87% | 46.9% | 42.5% | 43.25% | 39.82% | 42.92% | 42.42% | 42.59% | 36.08% | 34.57% | 35.76% | 35.75% | 36.37% | 37.7% | 31.25% | 32.69% | 39.04% |
| Operating Income | -14.94M | 47.52M | -25.14M | -40.58M | -26.37M | -14.85M | -20.66M | -2.76M | -7.6M | 86.22M | 101M | 116.6M | 120.31M | 38.15M | 45.67M | 37.81M | 38.09M | 135.04M | 119.7M | 32.11M |
| Operating Margin % | -8.21% | 18.56% | -13.47% | -21.36% | -13.29% | -7.08% | -10.31% | -1.27% | -3.55% | 38.88% | 43.64% | 47.7% | 47.83% | 14.13% | 17.54% | 15.04% | 15.58% | 56.12% | 52.45% | 14.89% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | -0.33x | -6.24x | -2.45x | -0.81x | -1.05x | -2.95x | -1.33x | -0.07x | -0.25x | -0.32x | 0.32x | 0.32x | 0.43x | 0.81x | 0.81x | 1.08x | 0.64x | 1.56x | 1.01x | 1.15x |
| Non-Operating Income | -2.38M | 289.79M | 77.2M | -1.41M | 14.67M | 115.54M | 39.16M | 129K | 3.58M | 103.19M | 83.59M | 98.94M | 97.14M | -633K | 15.44M | 1.31M | 18.25M | 88.11M | 88.57M | -3.19M |
| Pretax Income | -50.56M | -281.12M | -144.06M | -87.31M | -80.08M | -174.53M | -104.83M | -47.05M | -53.35M | -82.57M | -36.18M | -25.17M | -20.12M | -5.66M | -8.1M | 2.78M | -7.62M | 16.75M | -6.18M | 7.03M |
| Pretax Margin % | -27.8% | -109.8% | -77.2% | -45.95% | -40.35% | -83.24% | -52.31% | -21.58% | -24.93% | -37.24% | -15.63% | -10.3% | -8% | -2.1% | -3.11% | 1.11% | -3.11% | 6.96% | -2.71% | 3.26% |
| Income Tax | 348K | -945K | 24K | 454K | 194K | -1.05M | 2.18M | 510K | 0 | 6.08M | -425K | 6.3M | -5.3M | 0 | -1.31M | -763K | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | -0.69% | 0.34% | -0.02% | -0.52% | -0.24% | 0.6% | -2.08% | -1.08% | 0% | -7.36% | 1.17% | -25.04% | 26.35% | 0% | 16.13% | -27.42% | 0% | 0% | 0% | 0% |
| Net Income | -48.04M | -276.45M | -133.15M | -80.19M | -71.91M | -166.15M | -95.27M | -42.84M | -48.03M | -92.79M | -33.07M | -30.67M | -14.67M | -6.48M | -11.79M | -1.94M | -14.06M | 10.76M | -8.87M | 2.31M |
| Net Margin % | -26.42% | -107.98% | -71.35% | -42.2% | -36.23% | -79.24% | -47.54% | -19.65% | -22.44% | -41.85% | -14.29% | -12.54% | -5.83% | -2.4% | -4.53% | -0.77% | -5.75% | 4.47% | -3.89% | 1.07% |
| Net Income Growth % | 33.19% | -66.39% | -39.76% | -87.16% | -49.72% | -79.05% | -188.09% | -39.72% | -227.35% | -1331.11% | -180.58% | -1483.99% | -4.38% | -160.28% | -32.93% | -183.63% | -359.67% | 241.47% | -71.36% | -39.93% |
| Funds From Operations (FFO) | 32.68M | -183.4M | -39.06M | 14.56M | 21.18M | -77.05M | -8.6M | 43.95M | 43.83M | 1.26M | 65.51M | 57.53M | 72.29M | 90.03M | 81.28M | 89.5M | 78.14M | 85.97M | 65.73M | 86.49M |
| FFO Margin % | 17.97% | -71.63% | -20.93% | 7.66% | 10.67% | -36.75% | -4.29% | 20.16% | 20.48% | 0.57% | 28.31% | 23.53% | 28.74% | 33.35% | 31.22% | 35.6% | 31.96% | 35.72% | 28.8% | 40.12% |
| FFO Growth % | 54.34% | -138.04% | -354.41% | -66.87% | -51.68% | -6195.57% | -113.12% | -23.6% | -39.37% | -98.6% | -19.4% | -35.72% | -7.49% | 4.73% | 23.67% | 3.48% | 4.63% | 23.25% | 13.17% | 11.79% |
| FFO per Share | 0.51 | -4.10 | -0.61 | 0.50 | 1.05 | -3.82 | -0.43 | 2.18 | 2.17 | 0.06 | 3.25 | 2.86 | 3.59 | 4.47 | 4.03 | 4.36 | 3.67 | 3.95 | 3.02 | 3.97 |
| FFO Payout Ratio % | 0% | -0% | 0% | 35.49% | 1.67% | -28.34% | -1270.59% | 17.08% | 17.96% | 411.39% | 7.94% | 31.8% | 50.72% | 40.03% | 44.34% | 40.68% | 47.28% | 44.96% | 58.95% | 44.79% |
| EPS (Diluted) | -0.82 | -4.31 | -2.10 | -2.87 | -3.71 | -8.26 | -4.83 | -2.31 | -2.59 | -4.90 | -1.89 | -1.82 | -0.98 | -0.63 | -0.84 | -0.36 | -0.91 | 0.35 | -0.42 | 0.14 |
| EPS Growth % | 77.9% | 47.82% | 56.52% | -24.24% | -43.24% | -68.57% | -155.56% | -26.92% | -164.29% | -677.78% | -125% | -402.9% | -7.69% | -280% | -100% | -358.5% | -533.33% | 199.6% | -77.51% | 0% |
| EPS (Basic) | -0.82 | -4.31 | -2.10 | -2.87 | -3.71 | -8.26 | -4.83 | -2.31 | -2.59 | -4.90 | -1.89 | -1.82 | -0.98 | -0.63 | -0.84 | -0.36 | -0.91 | 0.35 | -0.42 | 0.14 |
| Diluted Shares Outstanding | 64.46M | 44.68M | 64.43M | 28.95M | 20.2M | 20.17M | 20.18M | 20.17M | 20.16M | 20.13M | 20.13M | 20.13M | 20.15M | 20.13M | 20.16M | 20.55M | 21.31M | 21.75M | 21.76M | 21.81M |